Frontica, which offers IT solutions in the oil-and-gas space, has over 1,000 employees and is owned by Norway-listed oil service investment company Akastor ASA.

In a press release, Akastor said that Frontica had expanded its business pipeline significantly in 2016 by entering into long term agreements with key clients into 2021. Frontica giving a total order backlog of 5.1 billion Norwegian krone at the end of the second quarter 2016.

"The acquisition helps us strengthen our oil and gas industry expertise, expand our presence in key markets, and deepen and broaden our service portfolio for our clients. Frontica will play a key role in helping us realize these benefits through their specialized capabilities in serving the oil and gas industry,” Santosh Thomas, President Global Growth Markets at Cognizant said in the statement.

The acquisition comes three days after the US-listed IT services company said it was probing whether certain payments made in India had violated the US Foreign Corrupt Practices Act, causing its shares to crash. Cognizant also said its President Gordon Coburn had resigned, but did not state a reason for the resignation.